Marco Investment Management LLC Has $594,000 Stock Holdings in Amentum Holdings, Inc. $AMTM

Marco Investment Management LLC decreased its position in shares of Amentum Holdings, Inc. (NYSE:AMTM) by 14.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 25,157 shares of the company’s stock after selling 4,088 shares during the quarter. Marco Investment Management LLC’s holdings in Amentum were worth $594,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in Amentum in the 2nd quarter valued at about $25,000. Quarry LP bought a new stake in shares of Amentum during the 1st quarter worth approximately $30,000. Signaturefd LLC boosted its position in shares of Amentum by 108.0% during the 1st quarter. Signaturefd LLC now owns 1,764 shares of the company’s stock worth $32,000 after acquiring an additional 916 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Amentum by 1,517.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,520 shares of the company’s stock worth $36,000 after acquiring an additional 1,426 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in Amentum in the second quarter valued at approximately $48,000. 39.93% of the stock is currently owned by institutional investors and hedge funds.

Amentum Trading Up 2.9%

AMTM opened at $22.42 on Friday. Amentum Holdings, Inc. has a twelve month low of $16.01 and a twelve month high of $34.47. The company has a fifty day moving average of $23.28 and a 200-day moving average of $23.21. The stock has a market cap of $5.45 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 0.72 and a beta of 0.23. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.97.

Amentum (NYSE:AMTM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. Amentum had a return on equity of 10.90% and a net margin of 0.41%.The firm had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $3.51 billion. The firm’s revenue was up 66.2% on a year-over-year basis. On average, sell-side analysts predict that Amentum Holdings, Inc. will post 2.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMTM shares. Cantor Fitzgerald upgraded Amentum from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $25.00 to $35.00 in a research note on Thursday, September 25th. BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Amentum in a research report on Monday, October 27th. JPMorgan Chase & Co. assumed coverage on Amentum in a research note on Thursday, October 9th. They set a “neutral” rating and a $30.00 target price for the company. Truist Financial raised their price target on shares of Amentum from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Morgan Stanley lifted their price target on shares of Amentum from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, September 18th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.55.

Amentum Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.